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Financial astrology (also known as business astrology, economic astrology, and/or astro-economics) is the practice of relating the movements of celestial bodies to events in financial markets. The use of astrology in financial markets is not consistent with standard economic or financial theory, but might be considered heterodox economics. The scientific community considers astrology to be a pseudoscience.
Financial astrology is somes applied in the following ways:
1. Predicting major economic trends as they relate to certain cycles, specifically on the cycles of outer planets
2. Helping an investor find the best industry to be in for a particular period of based on major planetary configurations
3. Identifying the best stocks to own during a particular time period
4. Identifying the best date and time to buy or sell a stock
5. Correlating the Astrological aspect to the movement of stock market in day trading.
The practice carries the implicit belief that astrology is valid and influences human behavior. Although astrology is generally regarded in mainstream Western thought as having no logical basis, advocates of the efficient market hypothesis would also make the same claim with respect to most forms of technical analysis.
Evangeline Adams was one well known practitioner of financial astrology. In 1929 she predicted that the stock market would continue to rise in price. On Labor Day, September 2, she told a reporter for radio station WJZ that "the Dow Jones could climb to heaven." The next day the Dow Jones reached a record high that was not reached again until November 1954. |
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